永安合成橡胶早报-20250801

1. Report's Industry Investment Rating - No relevant content provided 2. Core View of the Report - No explicit core view is presented in the given content. The report mainly provides data on the synthetic rubber market, including prices, trading volumes, inventories, and profit margins. 3. Summary by Related Catalogs 3.1 BR (High - Cis Polybutadiene Rubber) - Trading Data: On July 31, the closing price of the main contract was 11,495, down 280 from the previous day and 790 from the beginning of the week; the position volume was 34,820, a decrease of 4,870 from the previous day and 14,008 from the beginning of the week; the trading volume was 93,023, down 7,369 from the previous day and 55,619 from the beginning of the week [3]. - Warehouse Receipts and Virtual - to - Real Ratio: The number of warehouse receipts was 10,340, an increase of 150 from the previous day and 500 from the beginning of the week; the virtual - to - real ratio was 16.84, down 3 from the previous day and 8 from the beginning of the week [3]. - Basis and Spread: The high - cis basis was 205, up 180 from the previous day and 390 from the beginning of the week; the high - cis basis (two major oil companies) was 305, down 20 from the previous day but up 390 from the beginning of the week; the styrene - butadiene basis was 425, up 130 from the previous day and 640 from the beginning of the week; the 8 - 9 spread was - 50, up 205 from the previous day and 180 from the beginning of the week; the 9 - 10 spread was 15, down 10 from the previous day and 25 from the beginning of the week [3]. - Spot Prices: The Shandong market price was 11,700, down 100 from the previous day and 400 from the beginning of the week; the Transfar market price was 11,450, down 350 from the previous day and 450 from the beginning of the week; the Qilu Petrochemical ex - factory price was 11,800, down 300 from the previous day and 400 from the beginning of the week [3]. - Processing and Import - Export Profits: The spot processing profit was 167, up 2 from the previous day and 110 from the beginning of the week; the futures processing profit was - 38, down 178 from the previous day and 280 from the beginning of the week; the import profit was - 84,506, up 2,570 from the previous day and 2,534 from the beginning of the week; the export profit was - 245, up 63 from the previous day [3]. 3.2 BD (Butadiene) - Spot Prices: The Shandong market price was 9,150, down 100 from the previous day and 500 from the beginning of the week; the Jiangsu market price was 9,200, down 100 from the previous day and 450 from the beginning of the week; the Yangzi Petrochemical ex - factory price was 9,400, unchanged from the previous day and down 300 from the beginning of the week; the CFR China price was 1,090, unchanged from the previous day and down 10 from the beginning of the week [3]. - Processing and Import - Export Profits: The carbon - four extraction profit data was unavailable; the butene oxidative dehydrogenation profit was 176, down 100 from the previous day and 590 from the beginning of the week; the import profit was 210, down 79 from the previous day and 397 from the beginning of the week; the export profit was - 977, up 70 from the previous day and 485 from the beginning of the week [3]. 3.3 Downstream Profits - The high - cis production profit was - 38, down 178 from the previous day and 280 from the beginning of the week; the styrene - butadiene production profit was 725, down 200 from the previous day; the ABS production profit was 261, up 29 from the previous day and down 57 from the beginning of the week; the SBS (791 - H) production profit was 930, unchanged from the previous day and up 410 from the beginning of the week [3]. 3.4 Variety - to - Variety Spreads - RU - BR was - 20,260, up 4,485 from the previous day and 13,323 from the beginning of the week; NR - BR was - 22,545, up 4,570 from the previous day and 13,163 from the beginning of the week; the Thai mixed - high - cis spread was 2,550, down 200 from the previous day and 250 from the beginning of the week; the 3L - styrene - butadiene spread was 2,600, down 100 from the previous day and 250 from the beginning of the week [3]. 3.5 Intra - Variety Spreads - The high - cis standard - non - standard spread was 300, up 50 from the previous day and down 100 from the beginning of the week; the styrene - butadiene 1502 - 1712 spread was 1,150, up 50 from the previous day and 50 from the beginning of the week [3].